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Dec 21, 2012
12/12
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FOXNEWSW
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. >>> brand new development in the battle to avoid the fiscal cliff. late last night house republicans opted not to vote on a plan b. with all of the detail osss on doug luzader. plan b is history now it is back to the drawing board with no clear path in sight to avert the fiscal cliff. members of the house are heading home for christmas. house speaker john boehner pulled from consideration what has been described as a backup plan which would have raised taxes only on those making at least a million dollars a year. it became clear that he just didn't have enough votes in his own caucus to get it passed. he ran into stiff opposition from some republicans who say the root cause of the nation's problems is over spending. >> i would say we have different ideas and thoughts on approaches to this problem and we couldn't get enough census. i oppose the the bill. there wasn't enough votes to make it pass. >> where does that leave speaker boehner? here is his statement. now it's up to the president to work with senator reed to work on legislation to avert the f
. >>> brand new development in the battle to avoid the fiscal cliff. late last night house republicans opted not to vote on a plan b. with all of the detail osss on doug luzader. plan b is history now it is back to the drawing board with no clear path in sight to avert the fiscal cliff. members of the house are heading home for christmas. house speaker john boehner pulled from consideration what has been described as a backup plan which would have raised taxes only on those making at...
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Dec 30, 2012
12/12
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KPIX
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what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike w
what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate...
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Nov 8, 2012
11/12
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KPIX
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pressure from the fiscal cliff, house speaker john boehner started a public negotiation with the president. saying republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform. day one after the election and the speaker said it was clear voters want solutions. >> mr. president, this is your moment. we're ready to be led. >> reporter: but what sounded like a concession was mostly a challenge. boehner specifically rejected the way the president would raise revenues: higher taxes on upper-income americans. >> feeding the growth of government through higher tax rates won't help us solve the problem. >> reporter: the president's plan to ask more of the wealthy wealthy-- what he calls the balanced approach to deficit reduction-- was his core argument in the campaign and central to his mandate. he made that clear in this interview with the "cbs evening news" in september. >> the message that will be sent by voters this time out if i'm reelected will be we're not satisfied with the pace of progress but we do think that the ideas the president has presented are
pressure from the fiscal cliff, house speaker john boehner started a public negotiation with the president. saying republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform. day one after the election and the speaker said it was clear voters want solutions. >> mr. president, this is your moment. we're ready to be led. >> reporter: but what sounded like a concession was mostly a challenge. boehner specifically rejected the way the president...
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Dec 21, 2012
12/12
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KPIX
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. >>> another partisan holdup on the "fiscal cliff." house republicans say they were not able to drum up enough support for a vote for the house speaker's plan b. so speaker john boehner canceled last night's vote. boehner designed the bill to prevent automatic tax hikes at the first of the year on people making less than a million dollars. boehner says it's up to the president and the democrats to make their move. >> i did my part. they've done nothing. >> it's very, very, very unfortunate the republicans have wasted an entire week on a number of pointless political stunts. >> house members are heading out of washington, d.c. for christmas. when they get back there will be four days left to hammer out a deal. >>> north korea announced today it's detaining an american citizen. the north korean government says that [ non-english language ] entered the country as a tourist november 3 and confessed to unspecified crimes. the government offers no other details but claims the crimes have been proven through evidence. >>> one of two men who e
. >>> another partisan holdup on the "fiscal cliff." house republicans say they were not able to drum up enough support for a vote for the house speaker's plan b. so speaker john boehner canceled last night's vote. boehner designed the bill to prevent automatic tax hikes at the first of the year on people making less than a million dollars. boehner says it's up to the president and the democrats to make their move. >> i did my part. they've done nothing. >> it's...
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Dec 20, 2012
12/12
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KGO
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what the speaker of the house plans to do today to avoid that fiscal cliff and how the white house is already speaking out against it. >> oh, my, my. here we go again. >> how many days left, fellas? we've got to move to the middle at some point. >>> and also this morning, the viral video that captivated the world. you see an eagle. he appears to be a kidnapper. we'll show you why this is nothing but a hoax, and a lesson not to believe everything you see on the internet. and i will say, i called it yesterday, did i not? >> yes, you did. i think that's a lesson most folks -- >> i'm a curmudgeon. what can i say? >> most folks already knew not to believe everything you see on the internet. but it's good that we're proving it yet again. >>> later, something mike strahan refuses to do even though he's been asked about it so often. well have details on that coming up later. always funny to me. look at the size difference of those two. she looks like a kindergartner compared to him. >> but they're magical together. >> they work really well together. he's had a nice start. so a whole new chapt
what the speaker of the house plans to do today to avoid that fiscal cliff and how the white house is already speaking out against it. >> oh, my, my. here we go again. >> how many days left, fellas? we've got to move to the middle at some point. >>> and also this morning, the viral video that captivated the world. you see an eagle. he appears to be a kidnapper. we'll show you why this is nothing but a hoax, and a lesson not to believe everything you see on the internet. and...
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Dec 31, 2012
12/12
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KTVU
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with all the focus on the fiscal cliff. leaders from the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far there is no house vote scheduled. without passage of the bill milk prices could double. a gallon of milk could go up to $8 a gallon. >>> three people are recovering after a car crashed into a funeral home. police say it appears two teens were racing when they lost control and crashed their car into the building. >> literally five seconds after i had entered the side room we entered what i with thought was a side ring. >> the teens were take ton the hospital with serious injuries. a 66-year-old man who was inside the building has a broken leg. police interviewed a second driver who may have been racing with the teens but not yet made any arrests. >>> a woman accused of a fatal hit and run crash is expected to enter a plea in court today. she hit a group of people walking along a road two weeks ago. 16-year-old woman was knocked down a hillside and killed. she
with all the focus on the fiscal cliff. leaders from the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far there is no house vote scheduled. without passage of the bill milk prices could double. a gallon of milk could go up to $8 a gallon. >>> three people are recovering after a car crashed into a funeral home. police say it appears two teens were racing when they lost control and crashed their car into the building. >>...
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Dec 2, 2012
12/12
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CNNW
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. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. we're months removed from the 2012 election, but governor rounds is looking forward to 2017. while 2014's a long way away, 2013 is just beyond the horizon, that's when chris christie -- >> i don't want to leave now. we have a job to do. that job won't be finished by next year. >> it may be the holiday season, but it seems there is no holiday from campaign politics. >> thanks, paul. >>> well, the priority for congress and the white house tomorrow, making head way on the fisc
. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out,...
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Dec 2, 2012
12/12
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FOXNEWSW
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we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says the president is ready for what he calls difficult concessions. mr. boehner says he was flabbergasted at the white house stance on what they say needs to be done. peter doocy has details this morning on the latest developments from washington. good morning, peter. >> good morning, eric. spieger boehner said negotiations are nowhere, period and he called treasury secretary tim geithner's presentation of the white house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between electi
we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says...
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Dec 9, 2012
12/12
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CSPAN
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the fiscal cliff. the house returned to business this week on tuesday at 2:00 p.m. eastern. they will be appointing members to work with the senate on defense programs. live coverage when the house returns here and c-span. the synod -- the senate returns on monday. they will also consider a nomination for assistant secretary of housing and development. live coverage when they return on c-span2. >> joining as and vermont is governor peter shumlin. thank you for being with us. >> it is great to be with you. thank you for being with us. let me begin with some news of the weekend. that is former republican gov. charlie crist is not a democrat. do you welcome him to the democratic party? is this setting the stage as a potential run as governor as a democrat nunn could 2014. >> he was hugely helpful in electing president obama. it is a great victory for us. he is an incredibly capable victor. we do not take sides before we know that we have one single candidate. everyone knows he was a great governor. he led
the fiscal cliff. the house returned to business this week on tuesday at 2:00 p.m. eastern. they will be appointing members to work with the senate on defense programs. live coverage when the house returns here and c-span. the synod -- the senate returns on monday. they will also consider a nomination for assistant secretary of housing and development. live coverage when they return on c-span2. >> joining as and vermont is governor peter shumlin. thank you for being with us. >> it...
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Dec 27, 2012
12/12
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MSNBCW
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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turning around saying that's not true at all. where was the confusion? >> reporter: well, you hear the frosty statements back and forth as you just indicated there, craig. ah, the holidays in washington. a lovely time, isn't it? right now it appears clear if there's conversation going on it is not happening between the primary players but perhaps between their surrogates, senior staff and others, between those on the hill and here at the white house right now but senior white house -- senior administration official told me a short time ago that there is no proposal being sent up to the hill today. harry reid, the senate majority leader, also denied that any such thing was taking place today. both of those denials do also come against the backdrop of the fact both sides acknowledged this is not somethin
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turning around saying that's not true at all. where was the confusion? >> reporter: well, you hear the frosty statements back and forth as you just indicated there, craig. ah, the holidays in washington. a...
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Nov 29, 2012
11/12
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KNTV
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. >>> and for the rest of us, it was another day of facing the fiscal cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter
. >>> and for the rest of us, it was another day of facing the fiscal cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax...
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Dec 29, 2012
12/12
by
KGO
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tonight, breaking news, no deal yet after an 11th-hour meeting at the white house to avoid the fiscal cliff. the president before the american people. >> the hour for immediate action is here. >> just four days until taxes go up for all americans. tonight, what you're telling washington. >>> not again, a giant storm on the move tonight, tracking where and when it will hit. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and at last. ♪ at last >> the american greats we lost this year. ♪ moon river >> the lasting gifts and the laughs they leave behind. >> everything you do, do it cool. stan
tonight, breaking news, no deal yet after an 11th-hour meeting at the white house to avoid the fiscal cliff. the president before the american people. >> the hour for immediate action is here. >> just four days until taxes go up for all americans. tonight, what you're telling washington. >>> not again, a giant storm on the move tonight, tracking where and when it will hit. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers...
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Nov 30, 2012
11/12
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KQED
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wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abb
wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the...
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Dec 4, 2012
12/12
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KBCW
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off the fiscal cliff. the 10-year plan promises to shave $2.2 trillion through a combination of entitlement cuts and tax reform measures. but house republicans still refuse to meet president obama's bottom line. letting the bush tax cuts expire for the wealthy. in the statement, the white house said that the plan fails the balance test and sticks the middle class with the bill. >>> the gay marriage in california is still on hold tonight. the u.s. supreme court could have announced today whether they would review prop 8. instead the justices announced that they will wait until friday to discuss whether to take up the case. legal experts say the delay ruling means nothing. >> it's like we have so many cases on the docket. let's put this one off next week, no big deal. that's really what happened. it really isn't the dog that didn't bark, but it's the case that has not been resolved yet and we're still waiting. >> professor little says he expects if the court grants a review that we'll know by friday. but if
off the fiscal cliff. the 10-year plan promises to shave $2.2 trillion through a combination of entitlement cuts and tax reform measures. but house republicans still refuse to meet president obama's bottom line. letting the bush tax cuts expire for the wealthy. in the statement, the white house said that the plan fails the balance test and sticks the middle class with the bill. >>> the gay marriage in california is still on hold tonight. the u.s. supreme court could have announced...
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Dec 28, 2012
12/12
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WUSA
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with four days left to the fiscal cliff house leaders head to the white house for talks. >>> and we'll remember the best pop culture stories from "fifty shades of grey" to others. first your "eye opener" at 8:00. >>> president obama meeting at the white house with the four top congressional leaders. >>> the tedline for the fiscal cliff is now just four days away. >>> the president has not laid out a specific plan to deal with this. congress could have done the same. i think the american people should be disgusted. >>> the commander of operation desert storm died from complications of pneumonia. >> the more you sweat in peace, the less you bleed in war. >>> the powerful storm moving cross the country is finally moving out. >> although it's not major system it's going to cause problems for tomorrow. >> less than a few days. the longshoremen and the shipping companies are at an impasse. >> this is in real-time. >> real-time. >> is that a ring tone? what ring tone was that? >> i have "dancing queen" is my general ring tone for most people and then my wife's is "super trooper." >>> i'm rebe
with four days left to the fiscal cliff house leaders head to the white house for talks. >>> and we'll remember the best pop culture stories from "fifty shades of grey" to others. first your "eye opener" at 8:00. >>> president obama meeting at the white house with the four top congressional leaders. >>> the tedline for the fiscal cliff is now just four days away. >>> the president has not laid out a specific plan to deal with this....
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Dec 3, 2012
12/12
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MSNBCW
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the guy with whom he will have to make a deal to end the standoff on the fiscal cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now is if a group of republican members decide there have been a block because they can't afford the wealthiest 2% of americans. >> how much is theater and how much are the two sides locked into positions that remain far apart? the president's plan called for higher tax rates on the wealthiest americans to the tune of $1.6 trillion over ten years along with the combination of new spending and some spending cuts. mitch mcconnell said he, quote, burst into laughter. still, the white house is making it clear until the republicans counteroffer. >> we didn't say how or how much or who should pay. >> there are a lot of items o
the guy with whom he will have to make a deal to end the standoff on the fiscal cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now...
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Nov 27, 2012
11/12
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CNBC
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it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to
it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned...
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Dec 21, 2012
12/12
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KRON
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from the fiscal cliff. i think we saw last night that the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to doing something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue to dialogue with this president to actually faced the problem. i hope that you see that our colleagues on the other side of the capital can and do likewise and get serious to try to address the real problem of spending so we can get on to the business of growing this economy and getting people back to work. that of mr. speaker? >> a lot of remarks that you made in favor of the bill from last night would only keep a fraction of tax payers from the tax increase and also the president's proposal. >> the president and i had plenty of conversations. i tell the president monday this is my bottom line. the president told meet his numbers of 1.3 trillion dollars in revenue and $850 m
from the fiscal cliff. i think we saw last night that the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to doing something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue to dialogue with this president to actually faced the problem. i hope that you see that our colleagues on the other side of the capital can and do likewise and...
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Dec 5, 2012
12/12
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KTVU
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. >>> on capitol hill today republicans and democrats squared off over the looming fiscal cliff. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected t
. >>> on capitol hill today republicans and democrats squared off over the looming fiscal cliff. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should...
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Dec 30, 2012
12/12
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KPIX
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. >>> the clock is ticking as leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were at the capital today hoping to beat the deadline to the looming "fiscal cliff." behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases come january 1. the bill won't address the trillions in deficit reduction, sweeping reforms and federal spending, the u.s. tax code, or stop across-the-board spending cuts. in both parties' weekly addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay a little more. >> the president's tax hike would only fund the government for eight days. americans deserve to know what is the president proposin
. >>> the clock is ticking as leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were at the capital today hoping to beat the deadline to the looming "fiscal cliff." behind closed doors, senate leaders are cobbling together a...
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Dec 17, 2012
12/12
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KTVU
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possible movement in the debate over the fiscal cliff. what house speaker john boehner is offering to try to avoid it. >>> a moon mission is about to come to an end. why two nasa probes are supposed to deliberately crash into a mountain. >>> good morning. southbound 101 golden gate bridge this traffic looks good. we'll tell you more straight ahead. >>> good morning. cloudy, windy, kind of light rain. that will be with us through the morning. very mild. not as cold as it was. look for partly sunny and partly cloudy today. >>> we are learning more about the gunman behind friday's deadly school shooting at sandy hook elementary. authorities are saying he was heavily armed, fired hundreds of rounds of ammunition. in addition to an assault style rifle and two handguns authorities say he had another shotgun in his car. some of the victims were shot as many as 11 times. >>> the connecticut shooting has prompted new calls for tougher gun control laws. dianne feinstein says she will introduce a new law on gun control. some say the better idea is t
possible movement in the debate over the fiscal cliff. what house speaker john boehner is offering to try to avoid it. >>> a moon mission is about to come to an end. why two nasa probes are supposed to deliberately crash into a mountain. >>> good morning. southbound 101 golden gate bridge this traffic looks good. we'll tell you more straight ahead. >>> good morning. cloudy, windy, kind of light rain. that will be with us through the morning. very mild. not as cold as...
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Nov 28, 2012
11/12
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MSNBCW
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eye 132
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cliff. >> plus house republicans unveil the names of their committee leaders. why some critics say they're not heeding the lessons of the 2012 election. >> but first
cliff. >> plus house republicans unveil the names of their committee leaders. why some critics say they're not heeding the lessons of the 2012 election. >> but first
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Nov 30, 2012
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fiscal cliff" stepping up phone calls and meetings within the last 24 hours. cbs reporter danielle nottingham is on capitol hill where the two sides are still talking. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an extension of middle class tax cuts now. democrats say their position is clear and they want a serious offer from republicans. >> the american people want us to avoid the "fiscal cliff" with a balanced approach. >> reporter: geithner is here in the halls of congress trying to clear some big hurdles with republicans.
fiscal cliff" stepping up phone calls and meetings within the last 24 hours. cbs reporter danielle nottingham is on capitol hill where the two sides are still talking. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been...
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Dec 21, 2012
12/12
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. >>> lawmakers are leaving for christmas without a plan to avoid the so-called "fiscal cliff." the house speaker lost a late- night push to pass his own fix and now there's uncertainty about what happens next. tara mergener is in washington with the very latest. >> reporter: michelle, speaker boehner says he is eager to negotiate a deal with the president. but at this point, there is no agreement in sight and lawmakers are leaving town. house speaker john boehner says now it's up to president obama and the democrats to steer the country away from the "fiscal cliff." >> unless the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in 10 days. >> reporter: one by one republicans came out of an emergency meeting thursday night. >> have a merry christmas. >> reporter: speaker boehner's plan b to avoid automatic tax hikes and steep spending cuts was dead before the house voted. >> are you guys leaving until after christmas? >> yes. >> why is that? >> we don't have the votes. >> reporter: boehner's bill
. >>> lawmakers are leaving for christmas without a plan to avoid the so-called "fiscal cliff." the house speaker lost a late- night push to pass his own fix and now there's uncertainty about what happens next. tara mergener is in washington with the very latest. >> reporter: michelle, speaker boehner says he is eager to negotiate a deal with the president. but at this point, there is no agreement in sight and lawmakers are leaving town. house speaker john boehner says...
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Dec 8, 2012
12/12
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. >>> now to the really big financial story, the fiscal cliff. house speaker john boehner says president obama has wasted another week by not making a real proposal. meanwhile, republicans are divided and senator rand paul on this show last night may have made the most constructive proposal of all. >> i'm happy not to filibuster it. i will announce tonight on your show i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry reid wants. then they will be the party of high taxes and they can own it. >> all right. without that kind of republican strategic retreat, the december 31st deadline is not likely to be met. in today's jobs report it was positive and it beat the street and stocks went up. how do we move 150,000 jobs per month up to 300,000 which would be a real recovery? first up breaking news out of the supreme court this afternoon, the nation's highest court agreed to take up the explosive issue of same-sex marriage, agreeing to hear challenges to the federal defense of marriage act and c
. >>> now to the really big financial story, the fiscal cliff. house speaker john boehner says president obama has wasted another week by not making a real proposal. meanwhile, republicans are divided and senator rand paul on this show last night may have made the most constructive proposal of all. >> i'm happy not to filibuster it. i will announce tonight on your show i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry...
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Nov 30, 2012
11/12
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cliff and shortly after the white house and the democrats answered that the republicans had not offered any of their own plans. is this something that's going to be able to be taken care of while you're still a representative or is it going to land in your lap when you move to the other chamber? >> you know, i hope we get it done, obviously. we want to avoid the cliff. it is a little troubling that we don't have any real plans or oers on the spending side. i think on the revenue side it's pretty clear by knew republicans are willing to give up more revenue, but we've got to see a balance. there's got to be spending cuts and if those have been offered, i'm not sure what they are. >> suarez: are you one of those members who's staked out a position on whether it has to be rates or effective revenue and not rates? >> well, i think it can be effective revenue. obviously it depends on where you put the level of deductions that can be taken. so i'd rather not raise rates at all. i think it can be done without that. but certainly additional revenue is going to be required. >> suarez: the man wh
cliff and shortly after the white house and the democrats answered that the republicans had not offered any of their own plans. is this something that's going to be able to be taken care of while you're still a representative or is it going to land in your lap when you move to the other chamber? >> you know, i hope we get it done, obviously. we want to avoid the cliff. it is a little troubling that we don't have any real plans or oers on the spending side. i think on the revenue side it's...
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Dec 27, 2012
12/12
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the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting down to the wire. thank you. for more on the efforts to keep the economy from heading over the cliff and the likelihood of reaching some kind of a deal in time, let's talk with susan -- [inaudible] chief congressional correspondent for the washington examiner. what are the chances here, susan? >> hi, jon. i think at this point we're just simply running out of time. we have only got a few days left. they're so far apart on what an agreement would look like. even if they weren't going to put together a comprehensive deal which everybody agrees there's simply not enough t
the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting...
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Dec 17, 2012
12/12
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., in the fiscal cliff debate. house speaker john boehner is now offering to accept a tax increase but only on people making more than $1 million a year. and that falls short of president obama's call to raise tax rates on people with incomes of more than $250,000. and we're now hearing that the december 31 deadline may not be the end of the road after all. >> if we go a few weeks into january, it is not the worst thing. so that americans shouldn't panic about this. >> boehner's offer to raise income tax rates is dependent on entitlement cults including the eligibility aid for medicare and something the democrats including house minority leader nancy pelosi strongly oppose. >>> san francisco police are searching for robbers who pulled off a home invasion robbery overnight. brian flores has more from the reaction of the victims of the frightening crime. good afternoon, brian. >> reporter: good afternoon, tori. we talked to the victims earlier this morning who tell us they are doing fine but obviously shaken up after
., in the fiscal cliff debate. house speaker john boehner is now offering to accept a tax increase but only on people making more than $1 million a year. and that falls short of president obama's call to raise tax rates on people with incomes of more than $250,000. and we're now hearing that the december 31 deadline may not be the end of the road after all. >> if we go a few weeks into january, it is not the worst thing. so that americans shouldn't panic about this. >> boehner's...
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Dec 21, 2012
12/12
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KICU
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. >>> now to washington where house republicans abruptly canceled the vote on the gop fiscal cliff back up plan. house speaker john boehner said it did not have suffer votes to pass. lawmakers now have 11 days to avoid tax increases on all taxpayers along with across the board cuts in programs. speaker boehner said he plans to call the president and try to hammer something out. no action is expected until after christmasful. >> some positive economic news as u.s. home sales jumped to the highest levels in three days. the national association of realtors says the number of homes sold rose over 5 million last month. that's an increase of 14.5% from a year ago. low mortgage raising and rising employment. 5.5million indicates a healthy housing market. >> a late rally left -- the dow gained 59 points thanks in part to new numbers indicating stronger growth last quarter. nasdaq rose 6 points. numbers from the labor department today show requests for jobless benefits rose 361,000 americans applied for unemployment. the increase reverses four straight weeksover decline. >> >> customers will see
. >>> now to washington where house republicans abruptly canceled the vote on the gop fiscal cliff back up plan. house speaker john boehner said it did not have suffer votes to pass. lawmakers now have 11 days to avoid tax increases on all taxpayers along with across the board cuts in programs. speaker boehner said he plans to call the president and try to hammer something out. no action is expected until after christmasful. >> some positive economic news as u.s. home sales...
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Dec 22, 2012
12/12
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KRON
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as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. which governor jerry brown signed in september, was set to take effect january first. it would make mental health professionals who engage in efforts to change a clients' sexual orientation. subject to discipline by state licensing boards. >> jacqueline: there rainfall continues with the center showers and more for the rest of the week. your complete forecast, coming up. >> coming up the warriors hosting the bobcats and will a justin smith miss his first game in 11 years? sports, coming up. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it t
as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. which governor jerry brown signed in september, was set to take effect january first. it...
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Dec 17, 2012
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. >>> in washington, some apparent movement in negotiations to avoid the so-called fiscal cliff. white house congressional aides worked over the weekend to work on a proposal. john boehner offered a new proposal to the president on friday. it includes an increase on the tax rate of people making $1 million a year. in exchange he is asking for $1 trillion in spending cuts. >>> in london the duchess of cambridge looked great in her first public appearance since being in the hospital for morning sickness. the former kate middleton in her first try midwester presented some awards at a sports show. she was last seen on december 6 leaving the king edward hospital. >>> coming up next, we'll have your weather forecast. >>> and in sports a comeback by the new england patriots turns into a stunning collapse against the 49ers. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. challe
. >>> in washington, some apparent movement in negotiations to avoid the so-called fiscal cliff. white house congressional aides worked over the weekend to work on a proposal. john boehner offered a new proposal to the president on friday. it includes an increase on the tax rate of people making $1 million a year. in exchange he is asking for $1 trillion in spending cuts. >>> in london the duchess of cambridge looked great in her first public appearance since being in the...
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Dec 25, 2012
12/12
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. >>> they are trying to reach a last minute deal to avoid the fiscal cliff. they rejected house speaker john boehner's plan "b" and they say it will not be reached until they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn it could lead to a recession and big jump in unemployment. >>> and before the end of the year, right now homeowners do not have to pay tax on a portion of the mortgage short sale or principal reduction, in authority sale, they could soon own income tax on part of what they had to pay. >>> officers are looking for and they say he killed his brother-in-law. he left in an orange truck and he is considered to be armed and dangerous. >>> they are banning together to find an answer to problems putting escalators out of service. there are many things that can put escalators out of service, dropped keys and change,
. >>> they are trying to reach a last minute deal to avoid the fiscal cliff. they rejected house speaker john boehner's plan "b" and they say it will not be reached until they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn...
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Dec 18, 2012
12/12
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tracy: we will take it with this fiscal cliff nonsense. ashley: major developments in the battle over the fiscal cliff. house republicans meeting in three hours to plan their next move. it comes after president obama raised his income threshold for tax hikes to $400,000 and john boehner propose a backup plan that was quickly rejected by the white house. rich edson live in d.c. with all the latest on the wrangling that is going on. >> house republicans gather a few hours for more details on john boehner's backup plan. that is a proposal to prevent attacks rate increase on families earning less than the one million dollars the year in john boehner's plan b is a nonstarter. the white house says the president has offered a reasonable bipartisan compromise. john boehner says that is not so. >> white house offer was $1.3 trillion in new revenue for $850 billion in net spending reductions. that is not balanced in my opinion. >> jay carney says the president has demonstrated he is willing to move towards republicans and using as evidence the fact
tracy: we will take it with this fiscal cliff nonsense. ashley: major developments in the battle over the fiscal cliff. house republicans meeting in three hours to plan their next move. it comes after president obama raised his income threshold for tax hikes to $400,000 and john boehner propose a backup plan that was quickly rejected by the white house. rich edson live in d.c. with all the latest on the wrangling that is going on. >> house republicans gather a few hours for more details...
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Dec 6, 2012
12/12
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it is in the house. the issue of the fiscal cliff, what's it mean? it is probably the most known phrase in politics. they say, you have to wait for everything. people understand you have to do a piece of the puzzle. you can do it today. the opportunity to keep this economy moving, it has done very well the last few years. we always wait for the big deal and something never happens. this is a chance for the middle class tax cut. i would encourage every day, what is holding it out? -- it up? you will see yourself getting a tax cut for the remainder of next year if we just move them forward. again, it is finished of the senate side. >> i want to thank my colleagues for the leadership on the steering committee in this area. we have senator olympia snowe, bill kristol of the weekly standard, like simpson of idaho. david brooks. walter jones. the national review. we're here to say that passing the middle class tax cut is the right thing to do. you don't need to take our word for it. 2/3 of the american public agree with us. you don't need to take that word
it is in the house. the issue of the fiscal cliff, what's it mean? it is probably the most known phrase in politics. they say, you have to wait for everything. people understand you have to do a piece of the puzzle. you can do it today. the opportunity to keep this economy moving, it has done very well the last few years. we always wait for the big deal and something never happens. this is a chance for the middle class tax cut. i would encourage every day, what is holding it out? -- it up? you...
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Dec 3, 2012
12/12
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house minority leader nets deposing wants to vote. - vote nancy pelosi . >> with a so-called fiscal cliff and higher taxes for all americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million dollars per year. the average middle-class public to pay about 2000 a year more in taxes. >> there is no reason why 98 percent of americans have to see their taxes go up because some members of congress on the republican side want to block tax rate increases for 2 percent of the most wealthy americans. >> nancy pelosi pushing for a house vote. >> we think it would be a wonderful christmas gift for the american people to receive a ta
house minority leader nets deposing wants to vote. - vote nancy pelosi . >> with a so-called fiscal cliff and higher taxes for all americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get...
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Nov 27, 2012
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cliff. yesterday the white house took a hard line insisting tax rates have to rise on the rich and warning that anymore delay on the deal could ruin consumer confidence and hurt holiday retail sales. nbc's tracie potts joins us from washington with the details. tracie, good morning. >> reporter: good morning, lynn. today we'll see a continued push by the white house. in fact, for the rest of this week, new details released this morning, still pushing for those taxes on the rich. meantime, here on capitol hill we're seeing some small signs of compromise. today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new xhous economic report warns if tax breaks go away, the average middle class family will owe uncle sam another $2200 next year. >> it seems to be the thing we can agree on, that middle class families should see an extension of these tax cuts. >> reporter: some prominent republicans dead set against raising taxes on anyone now hin
cliff. yesterday the white house took a hard line insisting tax rates have to rise on the rich and warning that anymore delay on the deal could ruin consumer confidence and hurt holiday retail sales. nbc's tracie potts joins us from washington with the details. tracie, good morning. >> reporter: good morning, lynn. today we'll see a continued push by the white house. in fact, for the rest of this week, new details released this morning, still pushing for those taxes on the rich. meantime,...
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Dec 7, 2012
12/12
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cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in session barely a day. barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the oakland coliseum. he fell to the concourse during last night's broncos, raiders game and taken to the hospital with serious injuries. they called it an accident and it remains under investigation. >> the rails are like three to 4 feet. if you don't pay attention, you can fall. he fell yesterday. >> the raiders did issue a statement. the team had no information beyond what authorities are releasing. their thoughts and prayers are with the family and friends. >>> coming up in a few minutes, roger good dell will say where the raiders shall play in the future and who would pay to build a new stadium. >>> this couple ac
cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in session barely a day. barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the...
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Dec 17, 2012
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the fiscal cliff takes aim at the housing market. will the root -- recovery disappear if we go over the edge? ♪ gerri: over the past year, house prices jumping significantly in major u.s. cities. if we go off the fiscal cliff, but could be back to square one. next. ♪ ♪ gerri: well, with the fiscal cliff deadline fast approaching, my next guest says, falling of the fiscal cliff will have a devastating effect on the nation's housing market. consumer confidence would get hurt first which would impact demand. here with more, executive vice president of carrington mortgage holdings. welcome back to the show. you say, the impact of going over the fiscal cliff could be devastating. how so? >> the first casualty, as you mentioned, will be consumer confidence, and a lot of what has built the housing market back up is increased demand. absent that demand, and that will be the first thing to get hit with consumer confidence, we start to see prices often which would sort of lead-housing market back into the pits. right after that, most eco
the fiscal cliff takes aim at the housing market. will the root -- recovery disappear if we go over the edge? ♪ gerri: over the past year, house prices jumping significantly in major u.s. cities. if we go off the fiscal cliff, but could be back to square one. next. ♪ ♪ gerri: well, with the fiscal cliff deadline fast approaching, my next guest says, falling of the fiscal cliff will have a devastating effect on the nation's housing market. consumer confidence would get hurt first which...
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Nov 9, 2012
11/12
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bitterness to reach a deal avoiding the so-called fiscal cliff. last night house speaker john boehner insisted he's optimistic about an agreement telling abc's diane sawyer he is, quote, the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about -- >> i made clear yesterday that raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far t
bitterness to reach a deal avoiding the so-called fiscal cliff. last night house speaker john boehner insisted he's optimistic about an agreement telling abc's diane sawyer he is, quote, the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about -- >> i made clear yesterday that raising tax rates is...
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Dec 28, 2012
12/12
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with four days left now to avoid the fiscal cliff, house and senate leaders head to the white house for talks this afternoon. we'll also remember the best culture stories of the year from fifty shades of grey to binders for women. first here is a look at today's eye opener at 8:00. >> the president meets with all congressional leaders. no deal can be reached and passed without their cooperation. >> the deadline for the fiscal cliff is now just four days away. >> the president has not laid out a very specific plan to deal with this. candidly congress could have done the same, and i think the american people should be disgusted. >> the commander of operation desert storm died thursday from complications of pneumonia. calling general norman schwarzkopf a hero. >> the weather is footbally moving out, more winter weather is headed to the northeast. >> although it's not a major system it will probably cause travel problems tomorrow. >> there are only two days left before a potential strike and negotiations between the long shore men's union and shipping companies are at an impasse. >> this lo
with four days left now to avoid the fiscal cliff, house and senate leaders head to the white house for talks this afternoon. we'll also remember the best culture stories of the year from fifty shades of grey to binders for women. first here is a look at today's eye opener at 8:00. >> the president meets with all congressional leaders. no deal can be reached and passed without their cooperation. >> the deadline for the fiscal cliff is now just four days away. >> the president...
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Dec 17, 2012
12/12
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. >> meantime, fiscal cliff talks. house speaker has agreed to raise taxes on households i think more than million dollars a year if president obama agrees to cut entitlement programs. online retailers gearing up for a busy day. flee shipping day, last day to arrive before christmas. >>> it's 5:46. light rain in the bay area. >> just about everybody, everybody is getting moist. we take a look at, you see a few drops as we look toward the south. embarcadero center and the bridge. it's not too heavy, a mile away from where we are the live doppler 7-hd, that is some drizzle and possibly light rain where we see some green up to 80 approaching vallejo and over the santa cruz mountains. we see pulling away from napa and heading toward green valley road and also wooden valley road heading into 80 where it is more of a valley where we're seeing our best radar returns. heading down to the south, san mateo we're looking hayward street, howard street, excuse me. fremont, same area, coming out of the sunol grade into 880 and 680 t
. >> meantime, fiscal cliff talks. house speaker has agreed to raise taxes on households i think more than million dollars a year if president obama agrees to cut entitlement programs. online retailers gearing up for a busy day. flee shipping day, last day to arrive before christmas. >>> it's 5:46. light rain in the bay area. >> just about everybody, everybody is getting moist. we take a look at, you see a few drops as we look toward the south. embarcadero center and the...
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Nov 11, 2012
11/12
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. >> failure is not an option for the country when it comes to fiscal cliff. >> jeff: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's congress to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> jeff: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. >> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pas civic and an emerging chinese superpower would come undone. >> all of thatan
. >> failure is not an option for the country when it comes to fiscal cliff. >> jeff: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's congress to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> jeff: if the automatic spending cuts happen, exactly 50% of the...
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Nov 12, 2012
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congressional leaders will hold their first fiscal cliff meeting with the president on friday. economists have warned that if congress cannot reach a solution to avoid the automatic tax increases and spending cuts that will take effect january 1st, it could plunge the country into another recession. >>> stubhub stepping up and getting ready to go head to head with the big boys. plus the fiscal cliff is affecting the markets. for those details and more we turn things over to seema mody live at cnbc headquarters. good morning, seema. >> reporter: very good morning to you, happy monday, guys. futures are higher right now as the markets come off another down week. the dow, nasdaq and s&p 500 all falling 2% last week in the wake of the presidential election and rising concerns about whether congress can reach a deal to avoid, as you guys said, the fiscal cliff in january. that's when a slew of tax hikes and federal spending cuts are set to take effect. there's no economic data out today and the bond market is closed for veterans day, but we do get data reports this week on retail sa
congressional leaders will hold their first fiscal cliff meeting with the president on friday. economists have warned that if congress cannot reach a solution to avoid the automatic tax increases and spending cuts that will take effect january 1st, it could plunge the country into another recession. >>> stubhub stepping up and getting ready to go head to head with the big boys. plus the fiscal cliff is affecting the markets. for those details and more we turn things over to seema mody...
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. >>> we are now 23 days before the fiscal cliff deadline. house speaker john boehner said no progress was made yesterday. the main sticking point is still about tax cuts that are set to expire. also the president's demand that wealthy pay more. the uncertainty of what will happen is starting to have an impact on charities. abc7 news reporter tells us donations are down. >>> the food pantry at the saint anthony foundation in san francisco is in good shape but overall donations are down for the year >> we are a little behind where we would like to be or budgeted to be. >> the director said the charity has seen interesting trends this holiday season that may have to do with the impending fiscal cliff >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deductions for charitable giving would be cut next year, saving the government money. private wealth advisor said it can make sense to get more bang for your donation buck. that would help c
. >>> we are now 23 days before the fiscal cliff deadline. house speaker john boehner said no progress was made yesterday. the main sticking point is still about tax cuts that are set to expire. also the president's demand that wealthy pay more. the uncertainty of what will happen is starting to have an impact on charities. abc7 news reporter tells us donations are down. >>> the food pantry at the saint anthony foundation in san francisco is in good shape but overall donations...
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and the speaker of the house speaking out on the fiscal cliff. that is the story today. first, look at how currencies are faring against the dollar. continuing on "markets now." >> 22 minutes past the hour. seven members of seal team six punished for allegedly releasing classified information via giving secret videogame maker electronic arts to make the game "medal of honor: war fighter" realistic. syrian president assad denying the uprising against him as a civil war. he admitted that divisions exist within the country says he has the support of the syrian people and army. and the company at the center of the deadly u.s. and indicted outbreak is laying off about 90% of the workforce. the move comes after the company suspended operations amid concerns of drug mixing practices. those are your news headlines on the fox business network. connell: here we are 11 days plus, only hours ago new york city and long island began enforcing gas rationing in response to the ongoing gas crisis in new jersey. at a hess station in midtown manhattan. >> things are going very smoothly. yo
and the speaker of the house speaking out on the fiscal cliff. that is the story today. first, look at how currencies are faring against the dollar. continuing on "markets now." >> 22 minutes past the hour. seven members of seal team six punished for allegedly releasing classified information via giving secret videogame maker electronic arts to make the game "medal of honor: war fighter" realistic. syrian president assad denying the uprising against him as a civil war....
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avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a
avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on...
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still no deal, no dice here on that looming fiscal cliff. house speaker john boehner, president obama, both clear. one very succinct message from one of the men today, basically saying, take my deal. what they said today next. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ >>> this is just -- this is just in out of florida, you see this is a plane, this yellow thing is a plane on a beach, we're told this is lido beach, if you know lido beach, the tampa bay area. the pilot rescued, thankfully. see the waves washing ashore. so the plane right there sort of in the sand, crews are on the scene right now. plane, there is a better picture for you so you can see, a smaller sort of type plane, lido beach. we'll try to get more answers for you here on cnn. >>> let's talk about that fiscal cliff. less than two weeks away, still no deal to avert the series of automatic tax
still no deal, no dice here on that looming fiscal cliff. house speaker john boehner, president obama, both clear. one very succinct message from one of the men today, basically saying, take my deal. what they said today next. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ >>> this is just -- this is just...